expensive oil

Oil prices hit record high above $135 a barrel

When it comes to oil prices, the US and the Middle East have played a key role in them. As there is huge amount of oil in the ground of the Middle East, the world's top oil consumer has had no choice but to get involved in the region. However, the US has failed to get along with Arabic people. Sometimes they tried to get oil by force, which resulted in a war. As wars use astronomical amounts of oil, they put pressure on high oil prices. To make the matters worse, Israel is accelerating the bad relationship between the US and Arabs. The US lets Israel have everything its own way in the Middle East. Whilst Israel has the right to live, it is unreasonable that the US overprotects Israel. This would be one of the biggest reasons why Arabs cannot trust the US. If the situation in the Middle East improved, it would be possible that oil prices becomes half of what they are at present. I think political issue makes up a larger part of the oil crisis than economic issue. I am sure that it takes time to solve the problem, but we have to continue to be involved in the Middle East. This might be the shortest way to overcome the current oil crisis.